Time to slowly get neutral on banks and IT: Rohit Agarwal
In our opinion it is already time to start moving closer to neutral into IT. The logic being that even though we believe that the next two quarters may not deliver great numbers but looking forward if you believe that the US recession is likely to be a shallow one and the world at large is not going through a big recession then in FY25 or at the fag end of FY24 the order books and the contracts should start coming back and people will start positioning as soon as they get a whiff that the macro is not as bad as envisaged.